Stock market of Africa’s largest economy moved further in the green zone on Thursday January 7 as more investors continued to cherry-pick attractive counters across sectors, particularly those that are trading below analysts’ target prices.
Sepal Petroleum Development Company Plc led the counters on the bid cart, pushing it share price from N410 to N451, adding N41 or 10percent.
Nigerian Breweries Plc also advanced from N56 to N58, after adding N2 or 3.57percent. Ardova moved up from N13.55 to N14.9, adding N1.35 or 9.96percent.
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Dangote Sugar Refinery Plc increased from N18.3 to N19, up by 70kobo or 3.83percent, while GTBank Plc moved up from N32.5 to N33, adding 50kobo or 1.54percent.
At the close of trading, the Nigerian Stock Exchange (NSE) All-Share Index appreciated by 0.31percent, from preceding day low of 40,465.15 points to 40,590.85 points while the value of listed stocks increased from a low of N21.158trillion to N21.224trillion, up by N66billion.
The market’s year-to-date (YtD) return stood at 0.79percent. In 4,558 deals, investors exchanged 2,133,489,269 units valued at N7.509billion.
Champion Breweries Plc, UBA Plc, Dangote Sugar, Fidelity Bank and Access Bank Plc were actively traded stocks on the Bourse.
